Dutch Bros Inc. (NYSE:BROS) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Dutch Bros Inc. (NYSE:BROS) have received a consensus rating of “Moderate Buy” from the twenty-four ratings firms that are presently covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation, nineteen have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $77.8636.

Several equities analysts recently issued reports on the stock. Royal Bank Of Canada reissued an “outperform” rating on shares of Dutch Bros in a research note on Wednesday, May 20th. Morgan Stanley raised their price target on Dutch Bros from $87.00 to $88.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 15th. KeyCorp lifted their price target on Dutch Bros from $77.00 to $79.00 and gave the company an “overweight” rating in a report on Thursday, May 7th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Dutch Bros in a research note on Friday, July 17th. Finally, TD Cowen reiterated a “buy” rating and set a $73.00 price objective on shares of Dutch Bros in a report on Wednesday, June 10th.

Insider Activity at Dutch Bros

In other news, major shareholder Dm Individual Aggregator, Llc sold 261,055 shares of the company’s stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $63.02, for a total transaction of $16,451,686.10. Following the completion of the sale, the insider directly owned 2,410,800 shares in the company, valued at $151,928,616. This represents a 9.77% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Chairman Travis Boersma sold 750,000 shares of the stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $63.02, for a total value of $47,265,000.00. Following the completion of the transaction, the chairman directly owned 2,410,800 shares in the company, valued at $151,928,616. This trade represents a 23.73% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 4,086,245 shares of company stock valued at $243,021,771 in the last ninety days. 38.90% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Dutch Bros

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. D.A. Davidson & CO. grew its stake in Dutch Bros by 0.4% during the first quarter. D.A. Davidson & CO. now owns 57,042 shares of the company’s stock worth $2,890,000 after buying an additional 211 shares during the period. AdvisorShares Investments LLC raised its stake in shares of Dutch Bros by 7.2% in the 4th quarter. AdvisorShares Investments LLC now owns 3,164 shares of the company’s stock valued at $194,000 after acquiring an additional 212 shares during the period. Parkside Financial Bank & Trust lifted its holdings in shares of Dutch Bros by 9.8% during the 4th quarter. Parkside Financial Bank & Trust now owns 2,466 shares of the company’s stock valued at $151,000 after acquiring an additional 221 shares in the last quarter. Lazard Asset Management LLC lifted its holdings in shares of Dutch Bros by 6.5% during the 3rd quarter. Lazard Asset Management LLC now owns 4,434 shares of the company’s stock valued at $232,000 after acquiring an additional 270 shares in the last quarter. Finally, Quarry LP boosted its position in Dutch Bros by 83.5% during the 4th quarter. Quarry LP now owns 600 shares of the company’s stock worth $37,000 after purchasing an additional 273 shares during the period. 85.54% of the stock is currently owned by institutional investors and hedge funds.

Dutch Bros Trading Up 0.7%

Dutch Bros stock opened at $65.86 on Monday. The stock has a market cap of $11.50 billion, a PE ratio of 102.91, a P/E/G ratio of 1.98 and a beta of 2.31. The stock has a 50-day moving average price of $64.41 and a 200 day moving average price of $57.53. Dutch Bros has a 52 week low of $44.58 and a 52 week high of $74.65. The company has a current ratio of 1.33, a quick ratio of 1.19 and a debt-to-equity ratio of 0.21.

Dutch Bros (NYSE:BROS) last released its earnings results on Wednesday, May 6th. The company reported $0.16 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.16. The company had revenue of $464.41 million for the quarter, compared to analyst estimates of $449.69 million. Dutch Bros had a net margin of 4.61% and a return on equity of 9.42%. The firm’s quarterly revenue was up 30.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.14 EPS. Equities research analysts predict that Dutch Bros will post 0.84 earnings per share for the current fiscal year.

About Dutch Bros

Dutch Bros Coffee, trading on the NYSE under the ticker BROS, is an American drive-through coffee chain known for its quick-service model and community-focused brand. Founded in 1992 by brothers Dane and Travis Boersma in Grants Pass, Oregon, the company began as a single coffee stand and has since expanded its footprint across numerous U.S. markets. Dutch Bros specializes in handcrafted espresso drinks, drip coffee, cold brew, energy drinks, smoothies, teas, and a variety of signature “Dutch Freeze” and “Dutch Frost” blended beverages.

The company operates a mix of company-owned and franchised locations, placing a strong emphasis on speed and customer engagement.